Canaccord analyst Matthew Ramsay said the pullback in Nvidia shares is what investors have been waiting for and he recommended buying the weakness. He said the company is well positioned to serve the market long-term as they continue to execute strongly into several secular growth markets. He also sees them capitalizing on new trends in deep learning, virtual/augmented reality, and autonomous driving. Ramsay reiterated his Buy rating and raised his price target to $190 from $180 on Nvidia shares.

08/14/17

ARGS

08/14/17NO CHANGEARGS

Nvidia weakness a buying opportunity, says Argus

Argus analyst Jim Kelleher,says the decline in Nvidia's stock following its results was a "nonfundamental selloff." Calling Nvidia a "leading silicon play on AI, autonomous vehicles, machine learning, and next-generation data center," he recommends buying the shares on weakness.

08/24/17

RBCM

08/24/17NO CHANGERBCM

Demand for Nvidia gaming chips remains strong, says RBC Capital

After conducting checks and reviewing Nvidia's (NVDA) 10-Q, RBC Capital analysts Mitch Steves and Amit Daryanani say that demand for Nvidia's gaming chips "remains healthy" in the midst of strong demand from crypto-currency miners. The analysts add that the company's new deal with Toyota (TM) should boost its selling volumes in 2018-2019, and cause its average selling prices to rise towards the end of that period. They add that sales of the company's Volta chip "are beginning to ramp." The analysts keep an Outperform rating on Nvidia.

09/11/17

JEFF

09/11/17NO CHANGEJEFF

Jefferies lays out cryptocurrency exposure at Nvidia, AMD

Jefferies analyst Mark Lipacis estimates that in Q2, cryptocurrency revenues accounted for about 3% of quarterly sales for AMD (AMD) and about 10% for Nvidia (NVDA). The risk of a "crypto-driven" inventory correction driving material downside is low in the near term, Lipacis tells investors in a research note. He points out that cryptocurrency prices "increased materially" since bottoming in July. Further, both companies have introduced "cryptospecific GPU SKUs" that have a low risk of competing with core gaming GPUs in secondary markets, Lipacis writes. The analyst does not think cryptocurrencies are Fad. The technology they are based on, called Blockchain, supports secure accounting of distributed ledgers and has applications in financial services beyond cryptocurrencies, the analyst argues.

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